Armidale Regional CouncilEconomic profile

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Armidale Regional Council

Sources of income

Households in the Armidale Regional Council have a lower amount of disposable income compared to New South Wales.

Household disposable income is a measure of the amount of income available to an average household in the area. It varies depending on the jobs held by the residents, amount of property and business income, and cash benefits provided by government, which are related to the socio-economic status of the area. Areas with high unemployment, large numbers of retirees and others out of the workforce may have a high cash benefits component.

This information gives an insight into both the sources of income and how much your residents have available to spend in the area. This dataset should be viewed in conjunction with Worker productivity, Local workers income data, and Gross Regional Product data on the size of the residential economy.

National Economics (NIEIR) - Modelled series

Sources of income per household
Armidale Regional Council2015/162010/11Change
Name$New South Wales $$New South Wales $2010/11 to 2015/16
Wages & salaries65,169.7485,651.6262,468.1083,369.06+2,702
Property income15,131.8519,920.9615,843.9421,023.86-712
Business income15,545.9021,247.8913,662.0215,857.92+1,884
Superannuation8,807.0811,832.388,410.6011,013.99+396
Cash benefits16,970.4616,932.0117,538.0815,844.29-568
Total income before tax121,625.02155,584.86117,922.74147,109.12+3,702
Tax paid-16,508.04-24,413.74-13,927.61-20,560.10-2,580
Interest paid-6,474.80-9,135.35-10,116.69-12,904.10+3,642
Other payments/statistical discrepancy11,231.1316,793.5411,837.6415,917.23-607
Total disposable income109,873.31138,929.31105,716.09129,662.15+4,157
Ratio of cash benefits to tax paid1.030.691.260.77--

Source: National Institute of Economic and Industry Research (NIEIR) ©2016. Compiled and presented in economy.id by .id , the population experts.

Data is based on 2015-16 constant prices for all years. NIEIR data are inflation adjusted each year to allow direct comparison, and new data releases normally adjust previous years’ figures to a new base year.

Sources of income per household
Sources of income per household New South Wales, Cash benefits: 10.9% New South Wales, Superannuation: 7.6% New South Wales, Business income: 13.7% New South Wales, Property income: 12.8% New South Wales, Wages & salaries: 55.1% Armidale Regional Council, Cash benefits: 14.0% Armidale Regional Council, Superannuation: 7.2% Armidale Regional Council, Business income: 12.8% Armidale Regional Council, Property income: 12.4% Armidale Regional Council, Wages & salaries: 53.6%
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in economy.id by .id the population experts

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